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S&P/TSX composite down 1.6 per cent, U.S. stock markets also fall

TORONTO — Canada's main stock index fell 1.6 per cent Wednesday in a broad-based decline, while U.S. stock markets also fell.

The S&P/TSX composite index closed down 367.07 points at 21,897.98.

In New York, the Dow Jones industrial average was down 411.32 points at 38,441.54. The S&P 500 index was down 39.09 points at 5,266.95, while the Nasdaq composite was down 99.30 points at 16,920.58.

The Canadian dollar traded for 72.99 cents US compared with 73.32 cents US on Tuesday.

The July crude contract was down 60 cents at US$79.23 per barrel and the June natural gas contract was down 10 cents at US$2.49 per 1,000 square feet.

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The August gold contract was down US$15.20 at US$2,364.10 an ounce and the July copper contract was down seven cents at US$4.79 a pound.

This report by The Canadian Press was first published May 29, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press